What's Going On With Unity Software Stock?
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Unity Software Inc. (NYSE: U) shares are trading higher, adding to gains of over 40% in the past month. The stock's recent growth can be attributed to a broad market rally following the Federal Reserve's decision to leave interest rates unchanged. Additionally, Unity announced a strategic "reset" plan in November, which included a workforce reduction and office closures. HSBC analyst Mohammed Khallouf initiated coverage on Unity Software with a Hold rating and a price target of $37. As of Tuesday afternoon, Unity Software shares were up 7.87% at $42.30.
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